Basically, gold coins come in 2 forms: gold bullion and rare gold coins.
Gold bullion is coins that investors use strictly for asset preservation purposes while rare gold pieces are numismatic which are of interest to people that want to preserve their assets as well as grow them over time.
Gold Bullion Pieces
Gold bullion pieces are highly popular and there is a high demand for them as they offer security, safety, convenience, liquidity and possible profit to their investors or owners. The gold bullion coin value is correlated to the gold price.
The world’s first gold bullion piece was the Krugerrand from South Africa introduced in the year 1967 before another bullion coin came on board many years later. It is expected of South Africa to be the first to produce the world’s first gold bullion as it is the leader in gold exports. The South African Krugerrand enjoyed many years of popularity as an investment in gold.
The name Krugerrand is synonymous with ‘gold coin’ as ‘Kleenex’ is synonymous with facial tissue and ‘Xerox’ with photocopiers.
Soon many nations followed suit in minting their own gold bullion coins which we now have -the American Buffalo and Eagle gold coins, the Canadian Maple Leaf, the Australian Kangaroo, the Austrian Vienna Philharmonic gold as wel as many others.
Rare Gold Coins
These gold coins are as rare as they are popular. Some people take them up as an investment while others for collection but nowadays, investors are also collectors and vice-versa.
Rare gold pieces refer to gold coins that were minted from the year 1795 to the year 1933; the last year of minting by the US Mint when gold coins were taken out of circulation.
In that 138 years, there were many denominations of gold coins minted with various designs as well as for distribution in commerce such as $1.00, $2.50 or commonly known as the Quarter Eagle, $3.00 , $4.00, Half Eagle or $5.00, $10.00 or Eagle and last but not the least $20.00 coin or the Double Eagle.
The small US Gold Dollar existed in Type I, Type II and Type III, minted between 1849 and 1889.
The Quarter Eagle which exists in 7 various motifs was produced between 1796 and 1929 while the Indian Princess, the $3.00 piece was produced between 1854 and 1889.
The $4.00 gold piece also known as ‘Stella’ gold piece was minted in small amounts as an experimental denomination between 1879 and 1880.
The Half Eagle piece comes in 8 designs and was minted between 1795 and 1929 while the $10 gold was minted between 1795 and 1933 in 4 unique designs.
The Double Eagle has the biggest quantum in 2 designs and was minted between 1849 and 1933.
These gold bullion coins are considered scarce today and are highly demanded by all because of their beauty, gold content, rarity and historical significance.
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